The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-27

OOnVeyanceS, CONSIDERATION 3D.. 80
Every day increases the excitement in real es-
tate circles, and everybody who can raise
enough money is buying an outlot or two. 1t
is recognized that now is the time to 60 in. OF
the twenty-five transfers yesterday all but two
or three were of outots that command from
5000 to $500 each. There has already been an
advance in price this week, and lots that could
be purchased for $3.50 last Friday and Saturday
are bringing from $275 to $500 now. Many OUT
side spectators have dropped into the city this
week. and are inspecting the salable property.
The news that gas is to be plped here has Just
begun to spread, and 1t Is expected that before
the close of the week there will be no end to the
amount Of foreign capital that will come this
way. mo other city in the United States offers
such inducements to capitalists" said a gentle
man last evening who is investing freely, land
they are bound to come here. Indianapolis is
certain to increase her population %, 900 within
the next year"
Horace Mckay said yesterday that he had
sold Sill, 900 worth of property this week, and
all the amount but Sc. 500 was foreign capital
Not mortgage was included in any of the
transactions. The advantages of selling as
much property as possible to outside land owners
for cash are being recognized, and many real
estate men are giving them the preference.
The estate of Fletcher & Sharpe will prob
ably all be disposed of by Receiver Wal
lace. On Monday fifty four lots were sold at ar
aggregate of $4,000. Every lot in Bruce Place
man Oak Place, comprising twenty-one acres.
lying east of the Atlas works, is in demand.
The tract was appraised at $4,000 and yester-
day Mr. Wallace was offered ST.. 900 for it, He
refused, but sold eleven lots to Joseph A. Moore
for Sc. 500
The trustees of DePauw University purchased
a lot in Fletcher's Brookside addition. and are
prepared to make several other investments this
week. Quite a number of lots were sold at
Irvington, and several in Woodruff Place.
Every class of property is rapidly increasing
Ia value. There are few transfers of valuable
property in the heart of the city, because owners
refuse to sell while the price is still going up
The farmers surrounding the city are also feel
ing held for several dollars more on the acre.
A number of important new enterprises are
being talked of. 1t is about settled that a COM
pany with $3.50, 900 capital will start an estab-
lshment for killing sheep and cattle on a large
scale, the articles OF incorporation for which are
now being prepared. The bankers here have re-
ceived several letters from Eastern capitalists
making inquiries with a view to establishin Q
large manufactures in the city.
Building permits were issued yesterday as fol-
lows Mrs. d. Cohen. frame improvements to
dwelling on East street near New York, 500;
Charles j. Brady, frame cottage on Alabama
street, near Orange. 5000: Patrick Martin, two
story frame house on Delaware street, near
Torbet street, near First, $500: Mrs.
Susan Jackson, addition to frame house on
Yandes street. near Seventh. $500; James Gray,
frame cottage Yandes street. near Ninth,
1919; Louis e. Martin, repairs to frame dwelling
on st. Clair street, near Broadway. $500; Jerry
Black, frame cottage on Blake street, near
Rhode Island, $500.